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Category Archives: Special Economic zones (SEZ)

Engineering SEZ
An ideal destination to set up your manufacturing facilities

Welcome to a world class Engineering SEZ, designed to pursue business excellence on a land of new thinking. Spread over 311 acres of land with over 156 acres of processing area, the meticulously designed Engineering SEZ intelligently caters to every minute need of the engineering industry, making it an ideal destination to start up your operations.

SEZ in Chennai at MARG Swarnabhoomi

Engineering SEZ is set in the mega township of MARG Swarnabhoomi. The project has created a business-friendly ecosystem by utilising smart economy, smart governance, smart environment, smart people (social and human capital), smart mobility (ICT), and smart living.

Set on the strategic ECR stretch, “the growth corridor” of the future and being close to Chennai, Engineering SEZ has access to world class academia. It is also well connected via road, rail & airport and unlike other industrial clusters, it has all the facilities to foster business. Away from common din of the cities, located at scenic backwaters of ECR, the city is planned in such a way that it harmonizes with nature and offers scenic tranquillity and peacefulness to uplift human mind and soul.

VALUE PROPOSITION

World Class Infrastructure: The amount of effort and investment required to benchmark India in a global scale is only possible with involvement and expertise of private players in such projects. Engineering SEZ project is one of a kind, with a vision to provide world-class infrastructural amenities. Besides basic amenities like power, water and communication, it also has 24-7 security, technologically advanced medium for water treatment and recycling, etc. Companies in Engineering SEZ make use of better infrastructure and facilities, to enhance their production capabilities.

Holistic Ecosystem: Inspired by major R&D and innovation centers from across the globe, Engineering SEZ aims to develop a region with holistic ecosystem by providing an environment which nurtures innovation in the engineering sector.

In sync with Environment: Unlike other industrial clusters, Engineering SEZ not only has all the facilities to foster businesses but is also connected with nature. Away from common din of the cities, located at scenic backwaters of ECR, the entire city is planned in such a way that it harmonizes with nature and offers scenic tranquility and peacefulness to uplift the human mind and soul.

Pune-based valve manufacturing company Virgo Engineers Group is in the process of expanding its manufacturing capacity by setting up a new plant at Marg Swarnabhoomi, near here.

The Rs 700-crore company is a leading manufacturer of flow control valves and allied products predominantly for the oil and gas sector.

Spread over one lakh sq.ft., the company’s Chennai facility is expected to cater to the “increased export demand and contribute Rs 100 crore to the company’s turnover in the next three years.

INVESTMENT

Announcing the launch of the facility on Monday, Mr Jagdish Desai, CEO of the company, said Virgo has invested close to Rs 40 crore in the facility and will invest another Rs 20-25 crore to install machinery.

The company is planning invest a similar amount in setting up a foundry at its Coimbatore facility as a backward integration initiative. “This will give us a better control over the price and quality of the products besides ensuring guaranteed supply of valve castings,” he said.

The company, in the last one year, has invested close to Rs 90 crore in India in capacity expansion projects in its Pune and Coimbatore facilities and setting up this new plant. In addition, it set up a manufacturing facility in Italy and acquired an existing facility in Germany at an overall investment of €11 million.

Virgo currently has 13 sales offices in seven countries and manufacturing facilities in India, Italy, Germany and the US, and it has a base of over 2,300 customers across 72 countries.

MARG SWARNABHOOMI

Mr G.R.K. Reddy, Chairman and Managing Director of Marg Swarnabhoomi, who was also present on the occasion, said Virgo’s is the fourth manufacturing facility at Swarnabhoomi. Danish pump manufacturer Grundfos, the UK-based cooling tower equipment manufacturer Vanspall and auto component manufacturer Polyhose have already set up facilities which are operational too, he said.

Besides, the company has signed with Eswari Electricals (to set up a 10,000 sq.ft of distribution facility); Twindisc for a 33,500 sq.ft. of marine transmission devices manufacturing facility; TVS Kwikpatch for a 10,500 sq.ft. space for auto components; and Techpro for manufacturing equipment for water treatment plants.

Real estate and infrastructure conglomerate, MARG group, has called for exemption of infrastructure firms and units set up in Special Economic zones (SEZ) from the provisions of minimum alternate tax (MAT).

“With a slowing economy, high interest rates and need to speed up decision making towards infra projects, I expect a positive attempt in this budget to push private investment and accelerate infrastructure spending,” said GRK Reddy, Chairman & Managing Director – MARG Group.

* Relaxation of norms on long term funds (insurance and pension) to invest in the infrastructure sector

* Permitting banks to issue long term tax-free infrastructure bonds, thereby enhancing the participation of banks, financial institutions and large NBFCs

Marine Infrastructure:

Reddy says the privatisation of ports in the country has begun in the right earnest and it is now imperative that the Government works out a supportive mechanism particularly for:

* Dredging (which is highly capital intensive)

* Connectivity by road & rail

Even though private ports are creating additional capacities, it is critical for the above 2 issues to get adequate representation in the budget. As per the maritime agenda, a 3 billion capacity is required to be created by 2020 with a sizable portion of investment expected from private sector. This can only be possible if this sector gets infrastructure and funding support.

Real Estate:

Reddy states that the real estate sector is in a state of turmoil on account of high interest rates and inflationary pressures among other factors. In this scenario, impetus from the Government in the form of budgetary provisions to spur demand for residential & commercial real estate will augur well for this sector:

* The scope of the 1% interest rate subsidy should be broadened to include housing loans up to Rs. 20 lakh

* Declare housing as infrastructure and bring it under Section 80IA of Income Tax Act

* Relax FDI up to 51% in multi-brand retail to create demand for retail space in shopping malls

SEZ:

* Exemption from the MAT levy will certainly be a positive measure to bring relief to the sector

* The implementation of the revised Direct Tax Code (DTC) draft will have strong implications on SEZs as it does not allow tax benefits to new units. The industry requires clarity on the issues that may emerge and how businesses would be promoted in Special Economic Zones.

MARG’s flagship project, MARG Swarnabhoomi, christened as the city of education, research and innovation has signed a Memorandum of Understanding (MoU) with Tecpro Energy Systems a leading manufacturer of Aeration Products and Pollution control products. As part of the MoU, Tecpro Energy Systems (TES) will be a setting up a unit at MARG Swarnabhoomi to manufacture PROFLEX range of Aeration Products.

Tecpro Energy Systems is one of the leading manufacturers of aeration products and pollution control products used in Sewage Treatment Plant (STP) and Effluent Treatment Plants for a green and clean earth and a better tomorrow. The organization is committed to offer quality & innovative products. Proflex Diffuser for Sewage Treatment Plants & Effluent Treatment Plants is a result of untiring R&D efforts of Tecpro.

Marg Limited is one of the best builders in chennai developed low budget flats in chennai starting from 9.99 Lakhs.

The fourth unique aspect of MARG Swarnabhoomi is the presence of workspace infrastructure for the diversified industries in the ecosystem. The industries can benefit immensely from the innovation done in collaboration with the research organisations. Some of the advantages are early access to cutting-edge research and technology, outsource R&D requirements, and minimize time-to-market. And at the same time the research companies can benefit from addressing challenges and setting benchmarks in providing solutions to the industry.

MARG Swarnabhoomi is a 1,000 acre development with 612 acres for multi services and engineering SEZs.

Multi Services SEZ

Engineering SEZ: An ideal destination to set up your manufacturing facilities

Welcome to a world class engineering SEZ, designed to pursue business excellence on a land of new thinking

Spread over 311 acres of land with over 156 acres of processing area, the meticulously designed engineering SEZ intelligently caters to every minute need of the engineering industry, making it an ideal destination to start up your operations.

MULTI SERVICES SEZ

The multi services SEZ at MARG Swarnabhoomi is India’s foremost multi services SEZ. It has been conceived and built on the principles of innovation which is aimed to create a close networking between academia-research and industry.

As part of 1,000 acres of Land of New Thinking, multi services SEZ is spread in over 300 acres of land parcel and provides a platform for companies in the sectors like IT/ITES companies, training and development centers, animation and gaming companies, health care, e-publishing/e-learning, etc.

CLIENTS

Exemplarr Worldwide- an international knowledge process outsourcing business focused on knowledge-intensive business processes to start their operation in a 45,000 sq.ft. area at IT-innovation tower of Amrita Tech Park.

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